Sales increase at Theo Fennell

THEO Fennell, the Aim-listed jeweller worn by Naomi Campbell and Elton John, has posted a nine per cent rise in sales in the first half of 2011, but remains cautious ahead of its peak trading period.

The company has launched a number of new collections in preparation for the peak Christmas sales period, but said that its plans to link up with international partners are taking longer than hoped for because of the current volatile economic conditions.

It has renewed its facilities with Clydesdale Bank until July 2012 on similar terms to existing agreements.